Broker Property Real Foreclosure In Suffolk

• Category: Real Estate - Brokers
• State: Multi-State
• County: Suffolk
• Control #: US-00439BG
• Format: Word; Rich Text

Description

The Listing Agreement With A Broker Or Realtor To Sell Commercial Property Or Real Estate is a document designed for parties engaged in a real estate transaction in Suffolk. It outlines the Seller's engagement of a Broker as their exclusive agent to sell a specified property, detailing key terms such as sale price, duration of the agreement, and commission structure. The agreement allows for the property to be sold as a single entity or separate parcels, providing flexibility to the Seller. Key features include authorization for the Broker to advertise the property, conduct negotiations, and place a 'For Sale' sign. It also specifies that the Seller is required to refer all inquiries to the Broker, ensuring that they manage all aspects of the sale. The term of the contract can extend on a month-to-month basis unless terminated by written notice, and a commission is payable to the Broker if a sale is procured during the agreement period or shortly after termination. Each clause in the form aids in protecting the interests of both the Seller and the Agent. This form is particularly useful for attorneys, partners, and paralegals involved in property transactions, ensuring they have a clear, enforceable structure to follow throughout the sales process.